2021 GMC Canyon Prices: MSRP vs Dealer Invoice vs True Dealer Cost

Drivers who want an alternative to a full-size truck should strongly consider the 2021 GMC Canyon. A compact design helps the Canyon far to confidently maneuver in crowded places. However, it’s still more than capable of towing a load. Good fuel economy makes the new Canyon an even more appealing daily-driver.

What’s New for 2021?

This year, GMC has bolstered the truck’s off-road capabilities by introducing a rugged AT4 model. The luxurious Denali trim’s front-end styling has also been updated.

What Styles Does It Come In?

Extended-cab and crew-cab body styles are available for the 2021 GMC Canyon. While rear-wheel drive is standard, buyers can opt for a 4WD system.

What Are the Available Trims?

The base Canyon is a solid choice for drivers who don’t need any extra styling upgrades. While a four-cylinder engine is standard, a V6 engine upgrade is optional. Some attractive features also come standard, including a touchscreen interface. Apple CarPlay and Android Auto mobile integration are built into the infotainment system.

A step above the base model is the Canyon Elevation. While remote start enables drivers to warm the interior before heading out on cold days, a built-in Wi-Fi hotspot allows passengers to surf the web. Other upgrades include extra USB ports, a remote locking tailgate, and a tilt-and-telescoping steering wheel. Heated front seats and navigation are among the truck’s list of options.

The rugged Canyon AT4 is the newest trim to hit the lineup, which comes prepared to tackle rough terrain. It receives special suspension tuning, hill descent control, and a transfer case shield. In terms of styling, exclusive wheels and red tow hooks separate the Canyon A4 from the other trims. A Bose premium sound system is one of this model’s available options.

Drivers seeking pure luxury will prefer the Canyon Denali. It’s the only trim in the lineup that features ventilated front seats and a wireless charging pad. Activation sound cancellation helps quiet the interior.

The Canyon’s Exterior Styling

The Canyon looks rugged and sporty. A recently updated chrome grille and exclusive 20-inch wheels give the Denali trim a sharp look. Meanwhile, GMC’s optional Sport Bar and Lighting package gives the truck's lower trim levels a more adventurous look.

Interior Features

Drivers will enjoying using the Canyon’s standard touchscreen display. Straightforward controls make it simple enough for even first-timers to learn. Navigation is built into the larger 8.0-inch infotainment display. A 4G Wi-Fi hotspot makes the Canyon more rewarding for drivers who need to routinely access the web.

Driving Experience

The 2020 GMC Canyon’s base four-cylinder engine is perfect for drivers who’ll be commuting every day. However, GMC’s available V6 engine is well worth the extra cost. This muscular engine gives the Canyon some serious get-up-and-go. Its 308-horsepower production raises the truck’s tow rating to 7,000 pounds. Along with the additional power comes an upgraded eight-speed transmission. An efficient diesel engine with 369 lb-ft of torque is also available, which can pull a 7,700-pound load.

Drivers will love how well the Canyon maneuvers on the street. It feels far sportier than the typical pickup truck. Because the Canyon handles so well, many people consider it to be the perfect substitute for a family sedan. Available four-wheel drive gives the truck the necessary traction in snowy weather.

Fuel Economy

The Canyon is economical for a capable pickup truck. Like the four-cylinder Canyon, V6-powered models can return up to 25 mpg on the open road. However, drivers who seek additional fuel savings should pick the Duramax diesel engine. It raises fuel economy to a best-in-segment 30 mpg.

Quality and Comfort

Drivers will find the 2021 Chevrolet Canyon to be a comfy truck. Its front seats are spacious. Families will prefer the Crew Cab models, which feature four full-size doors and a decent-sized backseat. The Canyon’s overall interior quality is about average for the class. However, the leather-lined Denali model feels genuinely plush.

Safety

When crash tested by the federal government, the 2021 GMC Canyon was stamped with a four-star overall rating. While the Canyon didn’t secure the organization’s coveted five-star overall rating, it does offer some worthy safety features. Parents can use the standard Teen Driver system to keep tabs on their teenagers. Aside from allowing a speed limit to be set, it also features software that can compile a driving report card. Available forward collision alert and lane departure alert further aid your ability to avoid a crash.

The 2021 GMC Canyon hits the bull’s eye in several key categories. It’s a great truck for anyone who needs a versatile daily-driver. Remember, drivers who plan to travel deeper into the rough backcountry now have access to a trail-ready AT4 model.

Formula for Calculating Dealer Cost:

• Example: Base GMC Canyon invoice price + the dealer Invoice price of options + destination - Holdback = Total Dealer Cost.
• What is Holdback? A hidden amount that manufacturers give back to a dealer. It is a percentage of the MSRP or the Invoice price.

Total Dealer Cost - Rebate and Incentive + Taxes / Licensing Fees = True Dealer Cost. (You can get rebates and incentives here.)

Note: All GMC Canyon MSRP, invoice and dealer cost dollar figures above are approximate amounts. Prices are subject to change without notice.

A note about rebates: Most rebates are subtracted from the "on the road" figure. In most cases, you can have the rebate if you are arranging your own financing or you are paying cash. If you decide to use the manufacturer’s low interest financing, you do not usually get the rebate. Ask your dealer for details.